techstepgenr8tion wrote:
At least in the world of economics and employment yes. We're in a particularly tense position where holding on to job numbers seems like it would be fighting innovation, companies across the board run leaner with fewer people and accordingly get by with far less in HR-related costs. I heard yesterday that in the present economy it's not uncommon for people applying for loans at the bank now to have up to nine jobs in two years - not for lack of effort but because we're increasingly heading toward an environment where practically everyone is a temporary or contractor, accordingly the employers won't be providing benefits (that'll pick up even more steam in 2016 with Affordable Care Act), and the costs - at least for now - seem to keep going up. When you get even a sizeable minority of people holding jobs, living modestly, and still needing government assistance to cover their responsibilities we're in a position where the system starts getting untenable and the feedback loop of government paying all of this on debt seems like it will keep exacerbating the issue.
There are a lot of other bits and pieces floating around that I get concerned about but the above is at least the most pronounced and obvious.
What I don't get is that with the job losses due to automation, shouldn't welfare not be seen as big of an issue? Obviously stuff is still being made, partly by outsourcing (yes) but also partly because of automation. We've had a jobless recovery mainly due to automation. The US manufacturing output in 2011 was actually higher than it was in 2007. If robots are going to be making and doing everything in the future, then obviously there won't be anyone to sell to, because everyone will be out of jobs. So, if that's the case, I don't really see what the dilemma with welfare reception. It just seems like it could be a way of allocating resources in an economy of excessive automation.
Maybe the luddites were onto something though, and the extreme concentration of capital is only making us dependents to centralized institutions. One day we'll just be idiots wired into a virtual reality that feeds us all of our material and sensual needs, completely dependent on the machines that sustain us. we'll all be in a comatose state in which machinery wired to our brains cause us to hallucinate pornographic realities, 24/7.